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ACCOUNT AMOUNT DEP ANNUAL IR COMPOUND PER YEAR (M) COMPOUNDING (YEARS)

ACCOUNT AMOUNT DEP ANNUAL IR COMPOUND PER YEAR (M) COMPOUNDING (YEARS)

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Author: Christine Farr
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http://theperfecthomework.com/account-amount-dep-annual-ir-compound-per-year-m-compounding-years/

Account          Amount Dep  Annual IR Compound per year (M) Compounding (Years)
Logan               $ 900              16%           1                                          5
Coles                 96000             12%           4                                         2
Elliot                  7000               10              12                                       5
Wayne              122000             12              6                                         3
Chung                 30000             12             2                                          4
Cravens                16000            12             3                                          5
 
a)      The amount of money in Logan account at the end of 5 yrs will be $.. ( round to the nearest cent)
b)      The amount of money in Coles account at the end of 2 yrs will be $ …( round to the nearest cent)
c)      The amount of money in Elliot account at the end of 5 yrs will be $..... ( round to the nearest cent)
d)     The amount of money in wayne  account at the end of 3 yrs will be $..... ( round to the nearest cent)
e)      The amount of money in chung account at the end of 4 yrs will be $..... ( round to the nearest cent)
The amount of money in Cravens account at the end of 5 yrs will be $..... ( round to the nearest cent


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